. >> jeff: the pressure on congress to reach a deal on the fiscal cliff is great. failure would be felt almost immediately in paychecks as taxes go up. and in financial markets as wall street reacts. even though the dow is up nearly 6% for the year if lost 2% this week as the deadline looms. for more on the potential impact of wall street i'm joined by jim awad chairman of plimsoll. let's talk about the fiscal uncertainity is figuring on wall street. >> it is figuring in an increasingly negative way. the markets are become increasingly concerned that business and consumers will pull back due to the uncertainty about tax and spending. and it's affecting the financial markets and the economy. >> jeff: a slow day tomorrow but how do you think we open? >> i think that if there is any rally it will be a fool's rallyment would you only get a rally if they announce something tonight. but the reality is that anything they announce would be light on fact and long on symbolic-- symbolism it wouldn't have a lot to do with entitlements. it wouldn't address the debt ceiling. so